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T.U.F. (Technology Upgradation Fund) SCHEME |
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Loan For Textile
Business |
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The
Indian Textile Industry
occupies a unique
position in the Indian
Economy, in terms of its
contribution to
industrial production,
employment & exports.
Given the significance
of this industry to the
overall health of the
Indian Economy, its
employment potential &
the huge historical
backlog of technology
upgradation,
particularly in the
context of the
liberalization of the
national industrial &
trade policy &
globalization of textile
trade, it is essential
for the textile industry
to have access to timely
& adequate capital at
internationally
comparable rates of
interest in order to
upgrade its technology
level. Bank has
been extending financial
assistance by providing concessional Interest rate
for purchase of
machinery for textile
business.
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Eligibility |
: |
Individuals /
Partnership
Firms /
Companies,
Etc. |
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Margin
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: |
Minimum upto 30%
of machinery
Invoice /
Quotation |
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Security |
: |
Movable &
Immovable
Properties
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Repayment |
: |
Maximum period
upto 84 months
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LOAN
AMOUNT
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INTEREST |
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A)
Machinery Loan
Under TUF Scheme |
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Floating |
Fixed |
UPTO
 25 Lacs |
14.00% |
15.50% |
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ABOVE
25 Lacs
upto Rs 50 Lacs |
AS PER GRADATION |
N.A. |
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ABOVE
50 Lacs |
AS PER GRADATION |
N.A. |
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B) Land
& Building and
New Plant & Machinery |
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UPTO
25 Lacs |
14.00% |
15.50% |
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ABOVE
25 Lacs
upto Rs 50 Lacs |
AS PER GRADATION |
N.A. |
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ABOVE
50 Lacs |
AS PER GRADATION |
N.A. |
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C) Land
& Building and
Old Plant &
Machinery
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UPTO
25 Lacs |
14.50% |
16.00% |
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ABOVE
25 Lacs
upto Rs 50 Lacs |
AS PER GRADATION |
N.A. |
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ABOVE
50 Lacs |
AS PER GRADATION |
N.A. |
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For Further
Details Contact your
nearest branch |
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